What's Hot? Prudential's Matthew Williams on why Europe is cheap

The "low-risk" Prudential Managed Defensive fund was launched in February 2007, at a time when it was unfashionable to talk about any valid low-risk investment strategies other than cash. The Lehman crash was still seven months away and very few people could have envisaged the volatility and chaos that ensued. The multi-asset portfolio invests in equities, bonds, property, a small amount of alternatives as well as cash and floating rate notes. It has returned 24.65% over five years to 24 August, compared to a sector average of 15.62%, according to FE data.  What have been the main ...